Marvel Gold Ltd (ASX:MVL) believes it is sitting on a new gold target following auger and aircore drilling and multi-element soil sampling at its Tabakorole Gold Project in southeast Mali.
The company has confirmed anomalous gold over the 600-metre target, Target H, which is along strike from Tabakoraole and remains open to the southeast.
Systematic exploration continues across the extensive landholding at Tabakorole, with aircore drilling underway at the Lone Wolf Target, which returned 4 metres at 1.3 g/t gold and 4 metres at 2.7 g/t, ending in mineralisation, in late 2021.
Strong anomalism
“We are very encouraged by the anomalies evident in the multi-element soils at Tabakorole and we have been working to systematically test these anomalies using either auger or aircore drilling as demanded by the soil thickness,” managing director Chris van Wijk said.
“We are particularly excited by the results of our recent drilling at Target H, which have outlined an additional area of strong anomalism along trend from Tabakorole with a strike length of around 600 metres.
“In addition, we have recently commenced drilling at the Lone Wolf Target where we confirmed mineralisation in aircore drilling at the end of last season.
“We are looking forward to following up these exciting results as the season progresses.”
Tabakorole trend
Target H and Lone Wolf Target are within the Tabakorole trend, which outlines the northern boundary of the regional structural corridor. The million-ounce Tabakorole deposit sits at the north-eastern end of this trend.
Soil sampling in 2021 found three discrete zones of anomalous gold – Targets H, I and J – in soils along trend from the Tabakorole deposit. These zones have been tested with aircore drilling, and results for one zone, Target H, have revealed anomalous gold over 600 metres of strike, with peak values of 0.55 g/t and 0.58 g/t gold.
Follow-up aircore drilling is planned to test the full strike extent of Target H. Seven additional aircore lines have been drilled along strike from Target H, at Targets I and J.
Target H remains open to the southeast while results from the other two targets remain outstanding.
Aircore drilling is underway at Lone Wolf Target, 2.7 kilometres southeast of Tabakorole and within the same trend as Targets H, I and J.
Asgard trend
The results of reconnaissance auger drilling on the Asgard trend have returned peak gold values of 9.1 g/t and 6.9 g/t in the northwest of the licence package – multi-element assay results are pending, which will determine the significance of these peak values.
Marvel suspects that gold anomalism is common along this trend and will need multi-element results to provide additional context to the anomalous gold values before further follow-up work is planned.
Several other regional targets are thought to hold the promise of anomalous gold, and the company plans to follow these up once it receives the results of multi-element assays.